GCC unveils strategic vision for regional stability
For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue...
Geostrategy
Saudi Arabia set to leap into space tourism by 2026
Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per...
Economy
Economy
Safeguarding ‘digital public square’ is essential
States are struggling and “often failing” to protect online space for the common good, “swinging between a laissez-faire approach that...
- UN High Commissioner for Human Rights emphasizes the necessity of a safe online environment for a fully functioning society
- Volker Türk criticizes the laissez-faire approach and overbroad regulations hindering the proper protection of online space
Science
Saudi Arabia enters a new era of tech and innovation
“The Kingdom advanced 15 places in the Global Innovation Index in 2022. Winning prizes and top ranks in international competitions...
- The Kingdom advanced 15 ranks in the Global Innovation Index in 2022, a clear indicator of the emerging innovative era
- Saudi Arabia’s commitment to the innovation sector includes a 2.5% GDP investment by 2040, as announced by its Crown Prince
Science
Saudi astronauts carry out experiments aboard ISS
The mission of Saudi astronauts Rayyanah Barnawi and Ali AlQarni involves 14 pioneering experiments in microgravity to further space and...
- The space mission of Saudi astronauts Rayyanah Barnawi and Ali AlQarni involves 14 pioneering experiments in microgravity to further space and scientific research
- Their mission aligns with the goals of Saudi Vision 2030, aiming to prepare future Saudi astronauts and raise the Kingdom's stature in space research and development
Geostrategy
Japan deal expands UAE’s defense relations with Asia
The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects.
- The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects
- The strengthening of defense cooperation with Asian countries is part of a broader UAE's effort to diversify its security partnerships and decrease dependence on the US
Geostrategy
GCC contributes 97% of Arab humanitarian assistance
The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to...
- The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report
- Challenges facing charitable organizations include conflicts and societal instability, highlighting the need for continued development and capacity building, adds the API report
Economy
Women’s role crucial to future tech development
“As we sit at the crossroads of the very future of humanity as it relates to technology, female influence, and...
- Sheikha Bodour Al Qasimi, President of AUS and SRTI Park, highlights the underrepresentation of women in the tech sector and urges for a rapid change
- She argues that providing women with leadership opportunities and including their perspectives in decision-making could lead to a better technology roadmap
Economy
‘UAE-India economic ties benefit 3.8 billion people’
Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their...
- Both countries are focusing on sectors such as technology, digital payments, innovation, green energy, healthcare, and more to develop their economies, says UAE’s minister
- Abdullah bin Touq Al Marri stresses on the importance of the CEPA signed between the two countries, emphasizing its role in enhancing trade and creating opportunities
‘Qatar’s economy is shining example of reforms’
The contribution of the non-oil sector to the growth of the economy is the strongest in the Gulf region, which...
- Qatar pledges 20 percent of its Special Drawing Rights to support countries with low growth and climate risks, says IMF Managing Director Kristalina Georgieva in Doha
- Despite global economic slowdown predicted for 2023, Qatar's diversified economy is expected to outperform global growth rates, she adds during Qatar Economic Forum
Economy
Africa needs greater finance to battle climate change
“When it comes to renewable energy, only two percent of the US$3 trillion invested worldwide over the last twenty years...
- Dr Sultan bin Ahmed Al Jaber, the COP28 President-Designate, calls for a significant increase in public and private climate finance for Africa
- Only 2% of global renewable energy investment has gone to Africa in the last two decades, highlighting the need to shift climate finance balance.
Economy
Oil, non-oil sectors may hurt UAE’s growth prospects
OPEC-agreed oil output cuts, non-oil sector slowdown due to higher rates, and weaker external demand may act as potential setbacks...
- OPEC-agreed oil output cuts, non-oil sector slowdown due to higher interest rates, and weaker external demand may act as potential setbacks for UAE's economy this year
- The UAE's real GDP growth rate might drop to 3 percent in 2023, a sharp decrease from the robust 7.6 percent in 2022, predicts the latest forecast by GlobalData
GCC unveils strategic vision for regional stability
For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue...
Geostrategy
Company News
Latest News
ESG and sustainability redefine UAE financial markets
"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing...
Business
2023: A year of technological triumphs in the GCC
This year, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in...
Economy
UNSC approves aid resolution as Gaza crisis mounts
As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
Geostrategy
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Geostrategy
UAE leads humanitarian efforts in Gaza, seeks truce
"The Gulf country will continue its efforts to achieve peace through tangible steps and a roadmap for a two-state solution....
- The UAE strongly condemns Israel’s collective punishment and displacement policies.
- The country remains committed to Palestinian humanitarian aid and medical support.
Geostrategy
Kuwait, world mourn passing of Emir Sheikh Nawaf; welcome Sheikh Meshal as successor amid challenges
The Gulf country sees a seamless transition of power as Sheikh Meshal ascends to emir following the death of Sheikh...
- The Gulf country sees a seamless transition of power as Sheikh Meshal ascends to emir following the death of Sheikh Nawaf, amidst global condolences and internal challenges.
- Public offices in Kuwait will close for three days, and a 40-day mourning period is declared following Sheikh Nawaf's death, who was hospitalized in November.
YEARENDER
GCC soars in global space race with key advancements
Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their...
- Saudi Arabia's new Saudi Space Agency and first ISS mission, coupled with UAE's Hope Probe and lunar projects, underscore their rising status in global space sector.
- Bahrain's development of its first satellite and Kuwait's CubeSat initiative underscore the Gulf region's commitment to space technology and research.